All businesses looking to sell products online need to open a merchant account to accept card payments. A merchant account is an account provided by your payment processor that receives the funds from your card sales. Once the funds have been deposited into your merchant account, they are then transferred to your normal business bank account, where they can be withdrawn.
These concepts are among the most confusing of the online payment world—and the most important. Both are critical components of your payment processing solution and are necessary for you to receive funds. But even though they go hand-in-hand, not all payment platforms include merchant accounts, unless you use an All-in-One Payment provider like BlueSnap.